Rmb Fund Correlations

Mutual Funds . USA . 
Fund . Rmb Fund I
RMBGX Fund  USD 36.60  0.10  0.27%   
The current 90-days correlation between Rmb Fund I and Rmb Small Cap is 0.03 (i.e., Significant diversification). The correlation of Rmb Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Rmb Fund Correlation With Market

Almost no diversification

The correlation between Rmb Fund I and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Fund I and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rmb Fund I. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Rmb Mutual Fund

  0.95RMBBX Rmb Small CapPairCorr
  0.98RMBHX Rmb Fund APairCorr
  0.98RMBJX Rmb Fund CPairCorr
  0.86RMBLX Rmb Mendon FinancialPairCorr
  0.86RMBKX Rmb Mendon FinancialPairCorr
  0.86RMBNX Rmb Mendon FinancialPairCorr
  0.94RMBMX Rmb Smid CapPairCorr
  0.93RMBTX Rmb InternationalPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.63DCFFX Destinations Core FixedPairCorr
  0.97BDBPX Ishares Russell 2000PairCorr
  0.97CFNAX American Funds FundaPairCorr
  0.99CHRSX Invesco CharterPairCorr
  0.97PZIIX Pzena International SmallPairCorr
  0.98SCRSX Small Cap CorePairCorr
  0.99UIVMX Mfs Intrinsic ValuePairCorr
  0.96PGIRX Polen Global GrowthPairCorr
  0.99TLFRX Tiaa Cref LifecyclePairCorr
  0.96FAFRX Franklin Floating RatePairCorr
  0.94DOMOX Domini Impact InternPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Rmb Mutual Fund performing well and Rmb Fund Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rmb Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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